PURPOSE
You will lead actuarial valuation and P&L management for the GI business. You will be expected to work closely with the business and senior stakeholders for the general insurance personal lines portfolio.
KEY ACCOUNTAIBILITIES
· Support the CFO in meeting delegated GI Chief Actuary responsibilities
· Lead month-end valuation of insurance liabilities, internal financial reporting, ensuring key movements and deviations from Plan are clearly communicated to key stakeholders
· Lead the regular forecasts, business plan and other ad-hoc forecast exercises for GI business
· Lead MAS reporting and be the key contact person liaising with external Certifying Actuary on actuarial and valuation matters
· Adopt a pro-active approach in anticipating risks in the GI business and highlight them promptly to key stakeholders
· Engage with key functions, such as GI Pricing, Business Intelligence, Underwriting, Finance and Risk to provide insight on performance of products
· Ensure compliance of actuarial processes and models with internal policies
QUALIFICATIONS / EXPERIENCE
· Bachelor’s Degree in Actuarial Science
· 8 to 10 years in building and implementing models, preferably in the insurance industry.
· Strong knowledge about (i) Singapore RBC and other reporting requirements that general insurers in Singapore have to comply with
· Strong programming skills; R, Python or SQL is a plus
· Experience in building technical cost / demand models or other data science projects
KNOWLEDGE, SKILLS & ABILITY
· Strong business acumen in the GI insurance market
· Excellent communication and project management skills
· Strong interpersonal skill
· Ability to present and influence stakeholders on complex ideas
· Willing to be hands-on
· Ability to learn things quickly and have an inquisitive nature on technology
· Support reinsurer selection, regular reinsurance review and annual renewal exercises
· Provide timely updates on status and outcome to relevant stakeholders
· Stay updated of market changes and/or regulatory changes relating to general insurance
Provide support for GI pricing responsibilities in case of GI Pricing Manager’s extended absence to ensure business continuity
